Chubu Electric Power Co.,Inc. | Chubu Electric Power Issuing 518th and 519th Corporate Bonds (Domestic Corporate Straight Bonds) - Press Releases(2017)
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Press Release 2017

Chubu Electric Power Issuing 518th and 519th Corporate Bonds (Domestic Corporate Straight Bonds)

January 13, 2017

Chubu Electric Power Co.,Inc.

Chubu Electric has decided to issue 6-year  (518th issue, worth 30 billion yen) and 20-year (519th issue, worth 20 billion yen) domestic corporate straight bonds and has begun accepting applications today.

The following is an overview of issue conditions.

Details

1 518th Corporate Bonds

1. Amount issued

30 billion yen

2. Denominations

1 million yen

3. Coupon rate

0.190% annually

4. Cost (Issue value)

100 yen per par value of 100 yen

5. Subscriber yield

0.190% annually

6. Period (payback date)

6 years (January 25, 2023)

7. Payback schedule

Lump-sum payment at end of period

8. Interest disbursements

January 25 and July 25 of each year

9. Payment receipt date (Issue date)

January 20, 2017

10. Subscriptions accepted from

January 13, 2017

11. Subscription procedure

Public offering

12. Purpose of funds

Equipment funding, payback of loans, payback of corporate bonds

13. Security

Ordinary security under Electric Utility Law

14. Bond administrators

Sumitomo Mitsui Banking Corporation (Lead), Mizuho Bank, Ltd. and Bank of Tokyo-Mitsubishi UFJ, Ltd.

15. Underwriters

An underwriting group of four companies, jointly managed by Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd. , SMBC Nikko Securities Inc. and Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd. 

16. Transfer organization

Japan Securities Depository Center, Inc.

 

2 519th Corporate Bonds

1. Amount issued

20 billion yen

2. Denominations

1 million yen

3. Coupon rate

0.840% annually

4. Cost (Issue value)

100 yen per par value of 100 yen

5. Subscriber yield

0.840% annually

6. Period (payback date)

20 years (January 23, 2037)

7. Payback schedule

Lump-sum payment at end of period

8. Interest disbursements

January 25 and July 25 of each year

9. Payment receipt date (Issue date)

January 20, 2017

10. Subscriptions accepted from

January 13, 2017

11. Subscription procedure

Public offering

12. Purpose of funds

Equipment funding, payback of loans, payback of corporate bonds

13. Security

Ordinary security under Electric Utility Law

14. Bond administrators

Sumitomo Mitsui Banking Corporation (Lead), Mizuho Bank, Ltd. and Bank of Tokyo-Mitsubishi UFJ, Ltd.

15. Underwriters

An underwriting group of four companies, jointly managed by SMBC Nikko Securities Inc. , Daiwa Securities Co., Ltd.,Mizuho Securities Co., Ltd. and Shinkin Securities Co.,Ltd.

16. Transfer organization

Japan Securities Depository Center, Inc.